When Finances Make Hospitality Hard - What You Can Do (2024)

The truth is that the call to welcome others requires more than finances. It requires a willingness to be open, genuine, vulnerable, and humble. Those are things that are much harder to give than money but which make a much greater impact.

When Finances Make Hospitality Hard - What You Can Do (1)What You Can Do When Finances Hinder Your Hospitality

Today we are continuing our look at the Hindrances to Hospitality with a discussion of the hurdles in finances that sometimes stand in the way of our best hospitality intentions. Anytime we choose to welcome it will cost us something. It will cost us time at the very least but often it also includes a financial cost. This is reality.

Now there is always the potential that you will receive unexpected blessings (believe me it happens often) when you choose to open your home and/or your heart. Sometimes these blessings come when you try to encourage someone and end up with deep spiritual encouragement. Sometimes they come because you are genuinely able to be a blessing to someone else and ministering to their need ends up an encouragement to your soul because you know you are being used by the Lord. And sometimes when you have a financial need it will be met by someone you blessed.

However, sometimes that won’t be the case. There will be times when you feel like what you are doing is pointless and expensive. During this time you need to be reminded of why hospitality is important (check out this post to encourage your weary heart).

The reality is that anytime you do something for someone else it will cost you something and often that includes money. But before you get nervous and assume there is no way you can do this hospitality bit, remember that hospitality is commanded of believers and God supplies our needs so that we are able to fulfill His commands.

When Finances Make Hospitality Hard - What You Can Do (2)

So when financial stressors threaten to scare you out of welcoming others, remember these 3 things.

Related: 5 Inexpensive Hospitality Ideas

  1. Your resources are not your own

Everything you have is a gift from God. He has given you specific resources (regardless of how big or small they may be) for you to steward well. The same God who commands hospitality of all believers (read this post for more about the hospitality commands!) also supplied your resources. He has given you what you need to be able to welcome. Remember ultimately that you do not own anything. You are managing God’s resources. He has given you a certain allotment of time, talent, and finances but they are His and you are supposed to do with them what most honors Him.

Hold your resources with an open hand because then you can be amazed time and time again when God chooses to meet or exceed your need.

  1. Hospitality can be done on a budget

Too often we fall prey to the thought that hospitality has to be elaborate and expensive. We have to serve expensive food in perfectly groomed homes or it isn’t hospitality. But we learn from Christ, the ultimate example of every admirable quality, that hospitality isn’t about any of that (for a look at the hospitality of Jesus click here). Hospitality is about welcoming others for the glory of God (Romans 15:7). As such, hospitality does not need to be expensive.

We ought to be generous with our resources, that is true. But what generosity looks like is different in every person’s life and even different in every season of life. For a look at some inexpensive hospitality ideas that might get you started, click here.

  1. Hospitality is for your whole life

As we have already said, hospitality isn’t only relegated to expensive dinner parties (although there is nothing wrong if your hospitality includes that). Hospitality is about living a life of welcome. Romans 15:7 says that we are to welcome others the way Christ welcomes us. Christ didn’t throw elaborate parties (although He did help save the day at some, see John 2).

Christ lived a life of welcome. He even invited Himself over to someone else’s house when the situation called for it (Luke 19). Christ welcomes us by oh so generously sacrificing Himself for our good. He welcomes us by calling strangers in and making us family. He welcomes us by opening more than just a home to us, He welcomed by opening His heart and life to us and it cost Him everything.

When Finances Make Hospitality Hard - What You Can Do (3)

Related: Small House? No Problem! Practicing Hospitality in Small Spaces

You Have More to Give than Finances

Honestly, I have been known to be intimidated by those who are able to host expensive or elaborate celebrations because I have been tempted to believe my hospitality efforts don’t measure up. The truth is that the call to welcome others requires more than finances. It requires a willingness to be open, genuine, vulnerable, and humble. Those are things that are much harder to give than money but which make a much greater impact.

Your hospitality may indeed include expensive things because you want to lavish your guests the best you know how and those resources are available to you. That can be beautiful and good. Your hospitality can also be simple and quiet and free of financial expense. That can also be beautiful and good. Hospitality and our call to welcome don’t center on how much is available in our finances. Praise God for that!

Hospitality will indeed cost you something. Probably the least of all is finances.

For a beautifully poetic look at this subject, check out what Jen Wilkin has to say in this article.

If you would like to start this series from the beginning, click here!

When Finances Make Hospitality Hard - What You Can Do (2024)

FAQs

What are the financial issues in the hospitality industry? ›

These issues are: capital shortage & financing methods, capital sources, tax and de- duction, and valuation. These four issues are discussed in the scope of international hotel financial management.

What's the biggest challenge in hospitality? ›

5. What is the biggest challenge in hospitality? The biggest challenge in hospitality at present is the COVID-19 pandemic, which has caused a significant decline in travel and tourism, leading to revenue losses for businesses, as well as operational challenges due to new safety and health protocols.

Why is financial management important in the hospitality industry? ›

Financial management is undeniably a key module in the success of the hospitality industry. It ensures the efficient allocation of resources, effective cost control, and the ability to weather economic storms.

How the hospitality sector can improve their profits? ›

Implement dynamic pricing

Yet another powerful strategy that can augment your revenue in the hospitality business is dynamic pricing. This is a tool that assists in making smart pricing decisions based on real-time market conditions, customer base behavior, and other factors.

What are three financial problems? ›

Here is a list of the most common financial problems people may face: Lack of income/job loss. Unexpected expenses. Too much debt.

What is hospitality financial management? ›

Best practices of financial management in the hospitality industry include creating an annual budget, building a detailed financial tracking model, having ongoing audits, and creating a reporting structure that helps managers keep a tab on P&L information.

Is the hospitality industry struggling? ›

Hotel owners have been on an epic hiring spree. Yet even after clawing back hundreds of thousands of jobs during the past two years, the industry is still light on staff and often struggling to adapt.

What do you think are the top three stressors in the hospitality industry? ›

In the hospitality sector, three significant stressors—role conflict, ambiguity, and overload—contribute to work-related stress among employees (Karatepe, 2013; Khalil et al., 2020; Unguren and Arslan, 2021; Elshaer et al., 2022; Salama et al., 2022).

What are the challenges faced in hospitality sales? ›

Geopolitical Instability: Global events can impact travel behavior and sentiment, making it difficult to predict demand and secure bookings. Tech-Driven Disruption: Online booking platforms and alternative accommodation options continue to evolve, challenging traditional sales models.

What is the role of finance in the hotel industry? ›

The finance team plays a crucial role in the success of any hotel business. From managing financial transactions to ensuring compliance with tax regulations, the finance team provides valuable insights and supports informed decision-making.

Why is management of finances important? ›

Financial management enables you to make accomplishments in daily financial objectives. A good system will allow you to: Be proactive and not reactive to situations. Borrow easily as needed by planning ahead.

Why is financial management important to people? ›

Helps in improving the profitability of organisations. Increases the overall value of firms or organisations. Provides economic stability. Encourages employees to save money, which helps them in personal financial planning.

How can I succeed in hospitality? ›

Great employees in hospitality love working with people. They strive to do their best and provide guests with the best possible experience. Showing your commitment, great interpersonal skills, attention to detail and teamwork will ensure that you advance in your career and are a valued member of the staff.

What is the key to being successful in the hospitality industry? ›

In hospitality and tourism, communication is paramount. Listening to customers' wants, needs, desires, and concerns and being able to communicate back that you understand are important for anyone in public-facing roles.

How do you think you can succeed in the hospitality industry? ›

Being successful in the hospitality industry means having a genuine passion for people, no matter who they are or where they are from. It is a great networking opportunity for the server, as well. Imagine meeting a guest who can offer you a job connection, vacation tips, or even a lasting friendship!

How economic crisis affect the hospitality industry? ›

With the economic downturn, many hotel revenue managers have been struggling to best manage declining demand and the pressures to reduce rates. Hotels have experienced decreasing occupancy, average daily rates and revenue per available room.

What is the common problem in the hotel industry? ›

Hotel problems often revolve around managing guest expectations, maintaining operational efficiency, and ensuring financial profitability. Common issues include inconsistent customer service, challenges in managing online reputation, and fluctuating occupancy rates.

What are the four problems of hotel industry related to supply chain? ›

In summary, supply chain management in the hospitality industry faces challenges like seasonal fluctuations, perishable goods, supplier reliability, and cost control. To address these, best practices include demand forecasting, efficient inventory management, and embracing an AI-first approach.

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